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Senate unveils tax plan, job cuts coming to ESPN, and more news.


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Tax Reform
The Senate unveiled its tax plan. It diverges from the House bill in several key ways, such as delaying a corporate tax rate cut (from 35% to 20%) until 2019 and keeping the estate tax. The House will bring its version to full chamber vote next week.
ESPN will reportedly cut more than 100 staffers after Thanksgiving. This latest round, originally reported by Sports Illustrated, follows a series of job cuts at the sports network — which is facing increasing pressure as viewers shift to streaming services.
Lip-syncing app is being sold for as much as $1 billion to Chinese media giant Beijing Bytedance Technology. has some 60 million monthly active users, primarily young teens and tweens who have adopted it as a social messaging platform.
“We have never lost our confidence in ESPN.”
Bob Iger, CEO of ESPN parent Disney
Daily Top Headlines: 
Animation: Lucy Clinch 
Script: Katie Carroll, Lorraine K. Lee 
Art: Jacqueline Zaccor 
Producer: Florencia Iriondo

Published in: News & Politics
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